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Oyler standing firm in commercial real estate world

Thu, Mar 15, 2012

One on One

Andy Oyler has a degree in architecture from the University of Colorado in Boulder, but his real passion is real estate.

The 35-year-old is a Colorado Springs native and a broker with Grubb & Ellis Quantum Commercial Group but began his professional career as an intern at Palmer-McAllister Co. and then worked at Art C. Klein Construction Company.

He’s been at Grubb and Ellis since he graduated from college and has facilitated leases and acquisitions with a variety of local and national companies — Verizon, Motis, Metlife, Allstate, to name a few.

Oyler also brokered the multi-million dollar sale at 6 N. Tejon St., now headquarters to Braxton Technologies, TechWise, Vladimir Jones and a variety of other businesses.

You received your undergraduate degree in architecture. What made you decide to make a career in real estate?

Ever since I was young, I have always been fascinated with the construction industry. Plus, I grew up with a mom who was an artist, which really helped me facilitate my creative side. I still have a passion for architecture and the design process, but I prefer brokerage with the social sales/finance component. I have also worked construction for Art Klein and find my construction and architecture background has helped me to be a better commercial real estate broker. To sum it up, I believe in real estate and it can be one the greatest ways to create passive income.

How difficult is it for a young professional to be successful in real estate — particularly given the current market?

This is an extremely challenging field and most brokers don’t typically make any money for two to three years — plus with the downturn in the real estate market most senior brokers are not making money. Most would probably say this is the worst time to learn real estate, but I believe this is the best time to learn the industry. If you learn how to make it in this type of economy you should be very successful when the economy rebounds and be able to make it through the future downturns.

How can Colorado Springs attract more young professionals?

I was born and raised in Colorado Springs and I love it here. Typically, the quality of life, the out-of-doors, the weather and good job possibilities attract young professionals. As the younger demographic increases, it attracts more young professionals.

Are there any emerging trends in the Colorado Springs real estate market?

Activity has increased significantly during the first quarter and there continues to be more owner/user sales due to availability of financing for this type of purchase. Unfortunately, there remains a large number of bank-owned or potentially bank-owned properties. This creates a huge opportunity for tenants to become owners and investors to buy at significant discounts. One of the main challenges in today’s market is the lack of commercial financing combined with high vacancies and lower lease rates.

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